California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| 1 |
Verizon
VZ
|
+$165M |
| 2 |
Oracle
ORCL
|
+$139M |
| 3 |
CME Group
CME
|
+$99.7M |
| 4 |
Gilead Sciences
GILD
|
+$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
RTX Corp
RTX
|
+$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$192M |
| 5 |
Humana
HUM
|
+$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
976
Murphy USA
MUSA
$7.79B
| $5.59M | 0.01% |
66,268
-32,366
| -33% | -$2.73M |
|
977
Semtech
SMTC
$5.33B
| $5.57M | 0.01% |
148,566
-66,895
| -31% | -$2.51M |
|
978
COPT Defense Properties
CDP
$3.47B
| $5.56M | 0.01% |
251,436
-116,711
| -32% | -$2.58M |
|
|
AGR
979
DELISTED
Avangrid, Inc.
AGR
| $5.56M | 0.01% |
126,972
-9,314
| -7% | -$408K |
|
980
Valvoline
VVV
$5.21B
| $5.55M | 0.01% |
423,815
-21,100
| -5% | -$276K |
|
981
FNB Corp
FNB
$5.89B
| $5.52M | 0.01% |
748,962
-227,320
| -23% | -$1.68M |
|
|
TCO
982
DELISTED
Taubman Centers Inc.
TCO
| $5.51M | 0.01% |
131,632
+5,936
| +5% | +$249K |
|
983
Lazard
LAZ
$5.19B
| $5.51M | 0.01% |
233,677
-3,637
| -2% | -$85.7K |
|
984
MSC Industrial Direct
MSM
$5.13B
| $5.5M | 0.01% |
99,989
-74,601
| -43% | -$4.1M |
|
985
Janus Henderson
JHG
$6.99B
| $5.5M | 0.01% |
358,684
-102,248
| -22% | -$1.57M |
|
986
LXP Industrial Trust
LXP
$2.74B
| $5.49M | 0.01% |
553,275
+30,726
| +6% | +$305K |
|
|
UMPQ
987
DELISTED
Umpqua Holdings Corp
UMPQ
| $5.49M | 0.01% |
503,817
-178,968
| -26% | -$1.95M |
|
988
Treehouse Foods
THS
$892M
| $5.49M | 0.01% |
124,342
-51,628
| -29% | -$2.28M |
|
989
TopBuild
BLD
$11.8B
| $5.49M | 0.01% |
76,613
-31,782
| -29% | -$2.28M |
|
|
SAFM
990
DELISTED
Sanderson Farms Inc
SAFM
| $5.49M | 0.01% |
44,475
-5,607
| -11% | -$691K |
|
|
SYNH
991
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $5.46M | 0.01% |
138,563
-37,176
| -21% | -$1.47M |
|
992
Carlyle Group
CG
$24.7B
| $5.45M | 0.01% |
251,730
-8,683
| -3% | -$188K |
|
|
XIFR
993
XPLR Infrastructure, LP
XIFR
$934M
| $5.44M | 0.01% |
126,527
-63,812
| -34% | -$2.74M |
|
994
Toll Brothers
TOL
$13.8B
| $5.44M | 0.01% |
282,528
-41,257
| -13% | -$794K |
|
995
First Citizens BancShares
FCNCA
$24.3B
| $5.42M | 0.01% |
16,292
-1,565
| -9% | -$521K |
|
|
CLGX
996
DELISTED
Corelogic, Inc.
CLGX
| $5.42M | 0.01% |
177,368
-16,500
| -9% | -$504K |
|
997
California Water Service
CWT
$2.71B
| $5.42M | 0.01% |
107,602
+5,062
| +5% | +$255K |
|
998
Halozyme
HALO
$8.95B
| $5.41M | 0.01% |
300,774
-238,428
| -44% | -$4.29M |
|
999
Blackstone Mortgage Trust
BXMT
$3.36B
| $5.41M | 0.01% |
290,391
-10,943
| -4% | -$204K |
|
1000
Ultragenyx Pharmaceutical
RARE
$2.83B
| $5.4M | 0.01% |
121,613
-6,428
| -5% | -$286K |
|